The Producer Price Index, which tracks wholesale-level inflation, edged up to 2.1%, marking the biggest jump since April 2023.
Read More Inflation and Interest Rate Concerns Heighten as PPI and CPI Experience Increases
Tag: inflation
In-N-Out Burger Heiress: Fought to Keep Costs Down Post California Minimum Wage Hike
The heiress of In-N-Out Burger has stated that she fought “toe-to-toe” to keep prices down at the fast food chain amid California’s minimum wage hike.
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New Damning Inflation Report Out Today
with Steve Moore
Read More New Damning Inflation Report Out Today
S&P, Nasdaq rise as fresh inflation data allays rate fears
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
Read More S&P, Nasdaq rise as fresh inflation data allays rate fears
Inflation Rises More Than Expected, Posing Dilemma For Federal Reserve
Today, inflation rose again, surpassing expectations. The Bureau of Labor Statistics’ Consumer Price Index (CPI) underscores the ongoing challenge faced by the Federal Reserve in meeting its target goals of reducing inflation to 2%. Inflation increased by 3.5% compared to last March, marking a faster pace than February’s 3.2%.
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Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt
U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
Read More Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt